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J Sainsbury plc, trading as Sainsbury's, [a] is a British supermarket and the second-largest chain of supermarkets in the United Kingdom.. Founded in 1869 by John James Sainsbury with a shop in Drury Lane, London, the company was the largest UK retailer of groceries for most of the 20th century.
John James Sainsbury was born on 12 June 1844 at 5 Oakley Street, Lambeth, to John Sainsbury (baptised 1809, d. 1863), ornament and picture frame maker, and his wife Elizabeth Sarah, née Coombes (1817–1902). [1] During his childhood, his family moved house several times between rented rooms.
Alan Sainsbury was instrumental in bringing the self-service supermarket to Britain and shaping many of the conditions by which we shop for food today. On a trip to America he saw the experience of self-service supermarkets, and John James Sainsbury's show-piece Croydon branch of Sainsbury's was converted to self-service in 1950.
John James Sainsbury (1844–1928), co-founder of the major UK supermarket chain Sainsbury's; John Benjamin Sainsbury (1871–1956), eldest son of John James Sainsbury and Sainsbury's chairman 1928–1956; John Sainsbury, Baron Sainsbury of Preston Candover (1927–2022), great-grandson of John James Sainsbury and Sainsbury's chairman 1969–1992
Both Alan Sainsbury and Paul Sainsbury joined Sainsbury's in 1921. John Benjamin Sainsbury's sons, Alan and Robert, built the reputation of the business for quality and innovation. Having inherited both Victorian and Jewish traditions of philanthropy, they also set the tone of the family's prevailing left-liberal social conscience.
The equity interest in Sainsbury's held by the family as of May 2011 is 15%. The family sold down their stake from 35% in 2005. The largest family shareholders are Lord Sainsbury of Turville with 4.99% and Lord Sainsbury of Preston Candover, who controls just under 3% of the company, and benefits from 1.6% of the equity included in the above.
In the United Kingdom, the 'Big Four' supermarket chains - Tesco, Asda, Sainsbury's and Morrisons [82] - is an oligopoly. [83] The development of this oligopoly is believed to have resulted in a reduction of competition in the retail sector, coincides with the decline of independent high street retailers , and may also be affecting suppliers ...
Jacksons Stores had 114 shops in the Yorkshire area and the North Midlands, and just before the Sainsbury's acquisition, was voted the UK's best independent convenience shop chain. The acquisition doubled Sainsbury's market share in the convenience shop sector to 2%. The shops were initially refurbished to trade as ‘Sainsbury’s at Jacksons ...